The constant demand for new, effective therapeutic agents has triggered intensive research in the field of diverse antimicrobials of natural origin. These compounds are synthesized by all forms of life and have important biomedical and biotechnological properties, and are thus widely considered a potential solution to the growing problem of resistance to conventional antibiotics, fungal infecti...

We develop a model of intergenerational resource transmission that emphasizes the link between cross-sectional inequality and intergenerational mobility. By drawing on first principles of human capital theory, we derive several novel results. In particular, we show that, even in a world with perfect capital markets and without differences in innate ability, wealthy parents invest, on average, m...

The duration of a supply relationship depends on two types of costs: (i) the transaction cost of switching suppliers and (ii) the cost of being matched to an inefficient supplier when the relationship lasts too long. I develop a model of optimal contract duration that captures this tradeoff, and I provide conditions that identify the underlying cost structure. Latent transaction costs are ident...

According to the distractor-selection hypothesis (Mulligan, 2003), dividing attention during encoding reduces perceptual priming when responses to non-critical (i.e., distractor) stimuli are selected frequently and simultaneously with critical stimulus encoding. Because direct support for this hypothesis comes exclusively from studies using familiar word stimuli, the present study tested whethe...

This paper identifies policies that prevent financial instability and excessive risktaking while taking into account banks’ endogenous portfolio choice and default decision. Although direct asset restrictions or market concentration can eliminate the potential for a high default risk and risk-shifting, these policies harm social welfare. Transparent banking can deregulate these policies; howeve...

1James Kwan, MBBS, BSc(Hons), MMed(ClinEpi), MRCSEd, FACEM, FCEM, University of Western Sydney, Sydney, Australia 2Cherri Hobgood, MD, Indiana University School of Medicine, Indianapolis, Indiana, USA 3Venkataraman Anantharaman, MBBS (S’pore), FRCP (Edin), FRCS Ed (A&E), FAMS, FIFEM, Singapore General Hospital, Singapore, Singapore 4Glen Bandiera, BASc, MD, MEd, FRCPC, St. Michael's Hospital, U...

This paper considers the relationship between the economic concept of time preference and relevant concepts from psychology and biology. Using novel data from a time diary study conducted in Ireland that combined detailed psychometric testing with medical testing and realtime bio-tracking, we examine the distribution of a number of psychometric measures linked to the economic concept of time pr...